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HEP - The 6.5% Distribution Yield Of Holly Energy Partners Is Safe
Holly Energy Partners L.P.
HEP is offering an attractive 6.5% distribution yield.
HEP has proved resilient to the pandemic. While most energy companies saw their cash flows collapse last year, HEP grew its distributable cash flow 4% last year.
HEP has a strong distribution coverage ratio of 2.0.